| Comment | In which case I shouldn't need to explain to you the household fallacy, the concept of social discount rates, the role of inflationary controls and debt leveraging via bonds from the private sector in managing national debt and so forth.
And, of course, even if the tax payers paying it back eventually were the totality of it, that's not at all a reason not to borrow - if the rate of return the debt generates is greater than the interest to be paid on it, then that's of benefit to the future tax payer, not their cost.
How exactly would you propose anything public be built without leveraging debt against tax?
I somewhat doubt your financial advisor credentials if you can't understand that public debt is net positive - have you never read the Green Book? |
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